Yes but in saying that mate I was looking at in on the hourly chart when I got the signal and the candle just didnt look like gettting through the resistance along 1.6450 if you have a look.....it obvioulsy did, but it put me off

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Thats a great result....guys try and remember....you can make a good living if you consistently make 10 pips a day. PRovided your risk reward ratio is good, 1 trade per day is more than enough. Knowing that should allow you to be particularly ...

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Ok these are the things I would have looked at and stayed away from: You went short. Look at the last swings low...the last two only consist of 2 red candles each so that suggests they were just pullbacks on an uptrend THe daily tdi is crossed up ...

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Ok all you guys out there looking for trades with a smaller stop loss but decent profit...basically a good risk - reward ratio.....her is an example......I am not in it becasue I am done for the day...but looking at this chart.....I would be looking ...

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Well done mate..... Everybody take notice of this......ITs fine to bang on about taking this amount of pips and that amount of pips......but real trading is as much to do with getting out at the right time and preserving your capital. It takes just ...

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Yeh keep your eye on it Davo....it has an uneasy look to the pattern at the moment the GU....just doesnt seem to be flowing up or down if that makes sense.

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Closed at 1.05 on the dot becasue I like the BRN's for 36 pips. Happy with that using a 20 pip stop loss, nearly 1:2 RR

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Yeah I saw that thanks. Aussie tends to go with the euro. I have seen this frequently lately though....the news may be bad, but not considered bad enough by the big players so its risk on agian.....it sort of shoots the price in the opposite ...

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strong candle and bounce off trendline. M30 looks as though it is going to be a signal so I will stick with it...I am up 20 pips now with a 20 stop loss. Aiming for around 1.05 even....maybe

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Thanks. What do you mean range bound pattern??? as opposed to what??

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I'm in

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Ok so all you guys out there that study butterflies and gartleys and whatever all those other weird and wonderful patterns are....is this a head and shoulders??? If so I believe they generally keep heading down once the lower shoulder is broken ...

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Thanks Dave I really appreciate it afternoon mate how are we??? ready to go?

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This is great info and thanks for the support antz. The other factor to having hard stop losses and take profits is this....and its JUST as important as money management.....having set SL and TP remove the greed (TP) and the fear (SL)..so as long as ...

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Sorry syder and fitness....here is the chart I meant to post

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classic........funnily enough that IS the risk reward some here are using

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Yep .....although its not advice its just my opinion. I am with you in regards to taking profit. At the risk of offending, taking 10 pips profit when you have your stop 80 pips away on the last swing high or low is insane. Anyone who does this on a ...

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I mean sometimes bad sometimes good....as in I have no clue how the home sales were going to affect it...and why not just take the extra 25 pips. ...hope that cleared up my ramblings Dave

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Just pulled the pin at 60 pips mate. Home sales bad for the US which can sometimes be bad for euro/aussie etc....risk on.....risk aversion...who knows these days.....60 is plenty for me....R;R 1:2 so pretty happy.

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Hey Dave.....yep starting the week off much better thanks...I jumped in on the Euro..up 64 pips as we speak....had a 30 pip stop loss which is now trailing by 25 pips. Closed 2 lots out at 50 pips and letting the last one run. Bouncing well off ...

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